• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

a year ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

JPMorgan Analyzes Ethereum's Fusaka Upgrade

chest

JPMorgan's report analyzes the implications of Ethereum's Fusaka upgrade, focusing on sustainability challenges and the potential for temporary spikes in transaction volume.

user avatarFilippo Romano

Kaisar Network Highlights the Importance of AI Independence.

chest

Kaisar Network promotes the concept of AI sovereignty, advocating for decentralized control of AI infrastructure.

user avatarEmily Carter

Trump Media will issue digital tokens to its shareholders.

chest

Trump Media and Technology Group plans to issue a nontradable digital token to eligible shareholders of DJT stock as a reward.

user avatarTomas Novak

Abbott's Fourth-Quarter Results Show Mixed Performance

chest

Abbott Laboratories reported mixed results for the fourth quarter, with strong earnings but disappointing revenue figures.

user avatarLi Weicheng

Abbott Provides Disappointing First-Quarter Guidance

chest

Abbott Laboratories issued first-quarter guidance that fell below analyst expectations, contributing to investor concerns.

user avatarKaterina Papadopoulou

Abbott Laboratories Faces Selloff After Earnings Report

chest

Abbott Laboratories experienced a significant drop in stock price following its fourth-quarter earnings report, despite meeting earnings expectations.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.